Alamos GoldNYSE: AGI

AGI's Q3 results are likely to reflect the solid rally in gold prices and higher production numbers.

Alamos Gold (AGI) could produce exceptional returns because of its solid growth attributes.

Alamos Gold (AGI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Alamos Gold is rated a "Buy" with a 24-30 month horizon due to strong production growth, and favorable gold price trends. Revised production guidance shows significant growth, with 2024-2026 production expected to increase substantially, supporting robust revenue and cash flow growth. AGI has strong financial flexibility, low leverage, and potential for higher dividends, driven by production growth and lower all-in-sustaining costs.

All amounts are in United States dollars, unless otherwise stated. TORONTO, Sept.

Gold price is expected to maintain its northbound journey in the near future primarily due to three positive factors. Five gold stock for investment are - AU, EGO, IAG, IDR and AGI.

Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.

TORONTO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is proud to announce a significant contribution to The Princess Margaret Cancer Foundation to create the new Alamos Gold Chair in Gastrointestinal Surgical Oncology. The Company's $2 million contribution over ten years will support the new Chair in making a meaningful impact on cancer research aimed at better understanding, diagnosing, and treating gastrointestinal cancers.

Alamos Gold (AGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).